govt
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Budget 2024-25: Important takeaways as govt aims for IMF bailout
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[ad_1] A worker loads solar panels on a vehicle, outside a shop at a market selling electronic items in Karachi, Pakistan June 11, 2024. — Reuters The federal government on Wednesday released the budget for the fiscal year 2024-24, with a target of 3.6% economic growth as it plans to secure a new bailout deal…
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Govt proposes Rs267 billion for various ongoing, new power sector schemes
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[ad_1] A lower view of a transmission tower in Pakistan. — AFP/File The government has allocated an amount of Rs267,952.773 million for various ongoing and new schemes of power sector in annual public sector development programme (PSDP) for year 2024-25. According to the budgetary document released on Wednesday, out of total allocation, a sum of…
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Budget: Govt proposes up to 25% hike in employees’ salaries
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[ad_1] An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: The federal government has decided to increase the salaries of its employees by up to 25%, Federal Minister for Finance Muhammad Aurangzeb said Wednesday. The minister said this as he presented the federal budget for FY25 in…
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Budget 2024-25: Govt likely to revise tax slabs for high-paid employees | The Express Tribune
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[ad_1] ISLAMABAD: The upcoming federal budget for 2024-25 is expected to see tax hikes and the removal of unnecessary exemptions, including a sales tax on petroleum products and revised income tax slabs for high-paid employees. According to documents, Rs2.1 trillion is allocated for defence and Rs9.7 trillion for debt servicing. Development projects will receive Rs1.5…
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Budget FY25: Govt proposes ‘20% hike’ in salaries
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[ad_1] An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: As the federal government ramped up the pace to finalise the budget 2024-25, the finance minister proposed a 15-20% hike in the salaries, Geo News reported citing sources. According to the insiders of the finance ministry,…
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Govt reduces petrol price by Rs4.74 per litre
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[ad_1] Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File ISLAMABAD: The price of petrol has been reduced further by Rs4.74 per litre, the Finance Division said on Friday, making it the third successive fortnightly review drop. The new petrol price stands at Rs268.36 per litre. Meantime,…
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Govt unveils plan to cut rising production costs | The Express Tribune
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[ad_1] LAHORE: Federal Minister for Commerce Jam Kamal Khan stated that the government has devised a comprehensive strategy to address the rising production costs and promote the manufacturing sector in Pakistan. Speaking to the business community at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, Khan stressed the importance of a conducive business…
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KP proposes 10% pay raise for govt employees
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[ad_1] Khyber Pakhtunkhwa proposes a 10% hike in the salaries and pension of government employees. — AFP/File The Khyber Pakhtunkhwa government on Friday proposed a 10% hike in the salaries of public servants amid economic challenges. Taking lead over the federal government as well as other three provinces, Chief Minister Ali Amin Gandapur-led government unveiled…
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KP govt announces budget FY25 with total outlay of Rs1,754bn
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[ad_1] KP finance minister Aftab Alam presents the provincial budget for FY 2024-25 on May 24, 2024. — Screen grab/Geo News The Khyber Pakhtunkhwa (KP) government on Friday unveiled its annual budget for the fiscal year 2024-25 with a total outlay of Rs1,754 billion, with a surplus of Rs100 billion. The government has projected Rs…
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Govt diverts Rs70.5b to hydel projects | The Express Tribune
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[ad_1] ISLAMABAD: The government on Thursday approved a multimillion-dollar compensation package for the Chinese nationals killed in a terrorist attack and diverted Rs70.5 billion worth of discretionary budget of Prime Minister Shehbaz Sharif and parliamentarians towards hydroelectric power schemes. The Economic Coordination Committee (ECC) of the cabinet, which took those decisions, approved an additional supplementary…
